HomeMy WebLinkAboutChinden and Linder Crossing Addendum No 1 for First Time ExtensionADA COUNTY RECORDER Christopher D. Rich 2016.017369
BOISE IDAHO Pgs=2 VICTORIA BAILEY 03/02/2016 10:53 AM
MERIDIAN CITY NO FEE
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ADDENDUM NO. 1 FOR FIRST TIME EXTENSION
City of Meridian
DEVELOPMENT SURETY AGREEMENT
Chinden and Linder Crossing
THIS ADDENDUM TO THE DEVELOPMENT SURETY AGREEMENT is made and entered
into this day of I��,�et , 2016 by and between the CITY OF MERIDIAN, a
Municipal Corporation, hereinafter referred to as CITY, and CHINDEN AND LINDER
CROSSING, LLC, hereinafter referred to as DEVELOPER.
WITNESSETH:
WHEREAS, DEVELOPER received approval from the CITY on March 5, 2015, of the
construction plans ("Construction Plans"), for the development known as Chinden and Linder
Crossing ("Subdivision Plat") located in the City of Meridian, which Construction Plans include
improvements for public life, safety and health ("Required Public Improvements") and
improvements for non -life, non -safety and non -health improvements ("Required Development
Improvements") (The Required Public Improvements and Required Development Improvements
may be collectively referred herein as "Improvements"); and
WHEREAS, on the 20th day of July, 2015, DEVELOPER and CITY entered into a
DEVELOPMENT SURETY AGREEMENT whereby the Required Improvements were to be
completed on or before March 5, 2016; and,
WHEREAS, DEVELOPER has submitted to CITY a written request for a time extension to
complete the Improvements.
NOW, THEREFORE, in consideration of foregoing mutual promises, covenants and agreements
of the parties, it is hereby agreed as follows:
Section 3 of the DEVELOPMENT SURETY AGREEMENT shall be amended to
reflect a revised completion date of September 1, 2016.
All other terms of the DEVELOPMENT SURETY AGREEMENT shall remain the same.
SIGNATURES TO FOLLOW IN NEXT PAGE
ADDENDUM NO. 1 TO DEVELOPMENT SURETY AGREEMENT—Chinden and Linder Crossing — Page 1
IN WITNESS WHEREOF, the parties shall cause this First Addendum to the Development Surety
Agreement to be executed by their duly authorized officers the day and year first above written.
CHINDEN AND LINDER CROSSING, LLC:
By: —
Michael N. Fery, Manager
STATE OF IDAHO
ss.
County of Ada )
On this day of 201 C , before me, the undersigned, a Notary Public in and for the State
of Idaho, personally appeared Michael N. Fery, , known or identified to me to be the Manager of CHINDEN AND LINDER
CROSSING, LLC., who executed this instrument on behalf of said Corporation, and acknowledged to me that such Corporation
executed the same.
�� SS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year first above written.
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CITY OF MERIDIAN:
Tamm erd, Mayor
STATE OF IDAHO
ss.
County of Ada )
On this _day of 20_, before me, the undersigned, a Notary Public in and for the State
of Idaho, personally appeared Tammy de Weerd, known or identified to me to be the Mayor of the City of Meridian, Idaho and
who subscribed her name to the within instrument and acknowledged to me that the City of Meridian executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year first above written.
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ADDENDUM NO. 1 TO DEVELOPMENT SURETY AGREEMENT—Chinden and Linder Crossing — Page 2